Convert Georgian Lari to Macedonian Denar
Please provide values below to convert Georgian Lari [GEL] to Macedonian Denar [MKD], or Convert Macedonian Denar to Georgian Lari.
How to Convert Georgian Lari to Macedonian Denar
1 GEL = 0.0512699211668666 MKD
Example: convert 15 GEL to MKD:
15 GEL = 15 × 0.0512699211668666 MKD = 0.769048817502999 MKD
Georgian Lari to Macedonian Denar Conversion Table
| Georgian Lari | Macedonian Denar |
|---|
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.